Bitdeer signs $400M AI cloud computing deal for Malaysia facility
Zusammenfassung:Bitdeer‘s AI division has signed a five-year customer deal covering about 50% of the capacity at its A102 Malaysia facility before energization. The undisclosed customer is described as being of “high credit quality,” and the agreement is expected to generate roughly $400 million in total revenue, with services and associated costs beginning in the first quarter of 2027. Bitdeer AI aims to reach 350 megawatts of AI cloud data center capacity by early 2028. The company is among several Bitcoin miners diversifying into AI infrastructure and high-performance computing; earlier in August it signed a $4.7 billion, 16-year lease for 121 megawatts of AI capacity in Norway. Bitdeer’s stock rose 7% on Wednesday and traded around $10.20 per share on Thursday morning.
Bitcoin mining company Bitdeers artificial intelligence (AI) division, Bitdeer AI, signed a five-year customer deal covering about 50% of the capacity of its A102 Malaysia facility before its energization.
The deal was signed with an undisclosed customer of “high credit quality” and is expected to bring approximately $400 million in total revenue, Bitdeer revealed in a Wednesday announcement.
Revenue and associated costs are expected to begin in the first quarter of 2027 when services commence. Bitdeer AI is targeting 350 megawatts of AI cloud data center capacity by the first quarter of 2028.
Bitdeer is among the Bitcoin miners that expanded into AI infrastructure and high-performance computing to diversify revenue streams. Earlier in August, Bitdeer signed a 16-year lease valued at $4.7 billion for 121 megawatts of AI computing capacity in Norway.
Other Bitcoin miners that expanded into AI infrastructure include MARA Holdings, TeraWulf, Hut 8 and IREN.
Bitdeers stock price rose 7% on Wednesday and nearly 6% in pre-market trading on Thursday, changing hands at $10.2 a share as of 12:16 pm UTC, according to Yahoo Finance data.
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